Cryptocurrencies have been on the rise since the start of November. The total value of the cryptocurrency sector was around $203bn, at the beginning of the month. Excluding a $6bn spike last Wednesday, prices have been on a gradual upswing during the first week; this has slowly started to accelerate.

The market has increased by approximately $17bn in the past seven days, leading to its current valuation at just under $220bn at the time of writing. This represents an 8% rise in the total value of cryptocurrencies.

The sector’s high expectations at the beginning of the year were unrealistic. Participants were bound to be let down and so they were when nearly $400bn was wiped off in the latter part of January. In the first two quarters, investors still held out hopes for a returning bull market. There were two promising signs, but ultimately these only led to further market corrections.

The last notable bull run occurred towards the end of July. The enthusiasm surrounding Bitcoin ETFs sent prices on an upward trend, but the SEC’s decision to delay its ruling caused prices to sink to new depths. The market had barely stabilized when Goldman Sachs announced it was shelving its BTC trading desk for the foreseeable future. Panicky investors instigated a sell-off which took crypto markets beneath the $200bn line for a short time.

But what’s behind the crypto markets rise?

Experienced traders have explained to Crypto Briefing that the price surge in the past seven days indicates that optimism is returning to the sector. One source familiar with the matter explained that over the past two months, the market has come to see stable prices amongst the top-ten coins as a key guide rail for the health of the sector.

Namely, Bitcoin should hover at around the $6,500 mark and Ether (ETH) at the $200 mark. These are the floor prices, and any moves upwards are bound to be seen as bullish signs, that will likely gain momentum.

Senior analyst at eToro, Mati Greenspan, pointed out to Crypto Briefing that this stable price helped alleviate fears in the market that prices would sink any lower.

“Bitcoin’s smooth price action over the last few weeks is a clear testament that this market is maturing and it has gone a long way to improving investor sentiment due to the increased perception that it holds a stable value,” Greenspan said. “Thus, similar to what we’ve seen in the past for this asset, the cycle continues. At this point, a strong breakout to the upside could easily signal the bottom of the bear market and the beginning of the next bull run.”

So is this the start of a bull run?

Many analysts and observers – including this writer – have been burnt in the past by preemptively calling a bull run which turned out to be nothing much than a damp squib. The SEC has only to bare its fangs to send the markets back down to the depths.

This isn’t a prediction. For investors and traders, the key takeaway from this week’s trend is that crypto has established some sort of a floor price. From this base level, any upwards move can be interpreted as a bull sign.

There is, of course, nothing stopping crypto from moving back to $200bn, or even below that. But it acts as a standard for traders to assess the health and direction of the market.

“Is crypto gonna moon?” used to be the million-dollar question. “How are crypto markets looking today?” might be the $200bn question.

The author is invested in BTC and ETH, which are mentioned in this article.

More:

Paddy Baker is a London-based journalist whose interests in global finance and cryptocurrency may seem at odds with his background as a lover of history. Paddy lives a short bike-ride away from ten million other people, and has yet to be seen in public without his laptop.

Event Details

Event DescriptionBlockchain Conference Moscow will be held for the eighth time. The organizer, international Smile-Expo company, clings to the traditional format: conference plus exhibition of

more

Event Details

Event Description

Blockchain Conference Moscow will be held for the eighth time. The organizer, international Smile-Expo company, clings to the traditional format: conference plus exhibition of hardware and software. The conference is intended for developers, entrepreneurs, investors, startup founders, as well as financiers, economists, lawyers, and marketers that work with blockchain and cryptocurrencies. It will fall into two sessions to provide every participant with a possibility to focus on information that interests him or her.Main topics of Blockchain Conference Moscow: 1. Fintech Hall: • cryptocurrencies and traditional assets; • blockchain regulation; • blockchain security; • blockchain and innovation; • industrial application of the technology. 2. Blockchain Hall: • tokenization of the economy and other areas of social life; • decentralization of the Internet; • ICOs – cryptocurrency crowd sales, present, and future; • successful trading strategies; • EOS constitution as the first social contract on the blockchain.

Organizer

Event Details

Event DescriptionWe are an international festival that aims to show solutions of technology and economic innovation to companies, foundations and people around the world, by

more

Event Details

Event Description

We are an international festival that aims to show solutions of technology and economic innovation to companies, foundations and people around the world, by bringing together the experts of blockchain technology and cryptocurrencies.

Bringing knowledge and tools, giving entry to the movement of the global market.

Viva la crypto is for anyone who wants to know the blockchain and cryptocurrency world: business people, entrepreneurs, enthusiasts, students etc.

Organizer

Event Details

Event DescriptionThe Blockchain Venture Summit will introduce some exceptional, high-profile, executive-level speakers throughout the day in the most central place of London -near to Trafalgar

more

Event Details

Event Description

The Blockchain Venture Summit will introduce some exceptional, high-profile, executive-level speakers throughout the day in the most central place of London -near to Trafalgar Square- 8 Northumberland on 21 November 2018. Tickets are on sale now, and the capacity of the event is limited to just 500 participants particularly, so be fast to get your ticket!

Ticket holders will have the massive chance to share insights into this rapidly developing area. This is a fantastic chance to be part of an exclusive crowd of prominent investors, experts and enthusiasts in the blockchain sector!

This conference will introduce a special section called Startup Lounge which will showcase enterprise exhibitors from around the world. This is a fantastic opportunity to take a look at some of the hottest new ventures out there, and for the exhibitors to discuss their plans and meet potential investors.

Organizer

Event Details

Event DescriptionCrypto EXPO Asia promises to gather the whole financial world together in Vietnam. Crypto EXPO Asia forum goes live on Nov.24, 2018, and

more

Event Details

Event Description

Crypto EXPO Asia promises to gather the whole financial world together in Vietnam. Crypto EXPO Asia forum goes live on Nov.24, 2018, and the Windsor Plaza Hotel hosts this fair of blockchain and bitcoins.

Worldwide сrypto markets, blockchains and ICO came all in one to Singapore, Vietnam, Philippines, Malaysia, Indonesia, Hongkong, Thailand to open the world of mysterious and at the same time trendy topic – crypto. This huge expo-forum is not just about building network between crypto companies and gurus from all over the world but more so about getting to know what crypto world is actually about. Meetings with the best crypto experts and leading Blockchain, Cryptocurrency and ICO companies are the unique opportunity available for every visitor. The diversity of topics in seminar halls is quite impressive and includes ICO and White Paper projects, digital AD, PR and marketing, ICO due diligence, global capital markets, Mining as an actual business, blockchain and crypto-currency future, etc.

Organizer

Event Details

Event DescriptionAfter a record-breaking, sold-out conference in Seoul, Beyond Blocks continues the momentum with a return to where it all started last December - Bangkok,

more

Event Details

Event Description

After a record-breaking, sold-out conference in Seoul, Beyond Blocks continues the momentum with a return to where it all started last December – Bangkok, Thailand. This conference will feature a diverse lineup of over 40 international speakers engaging with over 1,500 attendees coming from all over the world. From 26-30 November 2018, the organizing team will also host the first-ever Beyond Blocks Blockchain Week, comprising of five full days of meetups, parties, workshops, and exclusive networking events. The positive feedback from Korea Blockchain Week in Seoul made it an obvious choice for Beyond Blocks to organize another valuable week-long networking exhibition. By hosting another blockchain week, Beyond Blocks solidifies its reputation for providing the one-stop platform that moves the industry forward, for showcasing the opportunities in Asia to the rest of the world, and to uncover how the blockchain applies to the real world now and in the future.

Event Details

Blockchain Summit has grown exponentially in content and audience size.

Based on unrivaled content and exceptional networking opportunities, Blockchain Summit Dubai is part of the largest dedicated Blockchain Event Series in the World. No co-located side events. A purely Blockchain focused audience.

Location

Organizer

Event Details

"Invest Summit" - a major event in the field of investment and finance.Kyiv will become a meeting place for the key players in the market in business, entrepreneurship, and

more

Event Details

“Invest Summit” – a major event in the field of investment and finance.Kyiv will become a meeting place for the key players in the market in business, entrepreneurship, and technology of the future.Especially for funds and investors, we provide a unique opportunity to participate in panel discussions in front of the wide audience, share relevant information about the condition of the investment market and establish business communication.More details you can find on the official website – http://bit.ly/2QbaxH3

Time

Location

Organizer

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media LLC makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media LLC is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, cryptocurrency, currency, tokenized sales, securities, or commodities.

Exchanges

Regions

Occasionally a project will creep into the top echelons of #cryptocurrency without fuss. @RChain_CoOp is just such a project. It just quietly goes about building a real, scalable #blockchain: so we slapped their logo on a fancy car for extra awesomeness. https://t.co/Hi2AAdLHZ3

#Bitcoin #hodlers are starting to panic, but technical indicators are telling us to relax.... Meanwhile, @AmunAG is about to launch the first #crypto #ETP. Is #BTC on fire, or on fire sale? https://t.co/ZRDzwqN1Z9

When #Pchain! That's been the cry on our Telegram channel for some time, though we have no idea what people are so concerned about. @AndreCronjeTech took a good look at @Pchain_org and while he found some good #EVM stuff, the #ethermint left him frosty. https://t.co/KnULgfpwDn

The #ICO party is over and everyone has a really, really bad hangover. Actually - not everyone. #SecurityTokens were the designated drivers, and as sun comes up on a new day for #crowdfunding, perhaps the #STO will get us home safely. #DigitalSecurityWeek https://t.co/KjiautmsDz

The #SEC gunslingers have arrived in town to clean up the #WildWest of #crypto. But unlike the 1880s, these enforcement officers ask questions first, and shoot later. Do you have an unregistered security? You do? That's $250k and a slap on the wrist. Next! https://t.co/z0alY9omzO

Decentral Media LLC, the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any ICO or other transaction.
You should never make an investment decision on an ICO or other investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, cryptocurrency, currency, tokenized sales, securities, or commodities.
In exchange for using this site, you agree to hold Decentral Media LLC (including its managers, members, officers, employees, consultants, partners, and affiliates) harmless against any claims for damages arising from any decision you make based on information on this website.See full terms and conditions for more.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More